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melissa francis. lori: i am lori rothman. we will learn how hi our deficits could rise. melissa: we will hear from the president in just a couple minutes. we will bring you the remarks live. lori: immigration reform also on the top earner today. we will hear from business leaders on how reform should be done. lou dobbs weighs in. melissa: our very own charlie gasparino goes one-on-one with municipal analyst. that should be very interesting. lori: let's get things started with the latest addition of stocks now. the 20 you see volatility here. the fix is to the downside today on a day where we are gaining triple digits, unlike yesterday where we love triple digits. the majority of the dow components are in the green. we have economic numbers showing expanding numbers in the u.s. service. we will take a look at a longer term chart. back to you. lori: thank you, as always. melissa: breaking news. the budget office releasing the latest numbers. what we can expect our deficit to be. rich: $845 billion for this year. this is the first time in five years. let's take a look at the next ten y
stood here as your new governor wisconsin was facing a $3.6 billion budget deficit. property taxes had gone up 27% over the previous decade, increasing every year and the unemployment rate was 7.8%. today wisconsin has a $34 million surplus. property taxes on median value home went down each. last two years the unemployment rate, well, it is down to 6.7%. [applause] we're turning things around. we're heading in the right direction. we're moving wisconsin forward. and unlike other states we avoided significant tax increases, massive layoffs and cuts in programs like medicaid. instead we put in place long-term structural reforms that helped us balance state and local government budgets for years to come. what we did was think more about the next generation than we did about the next election and it worked. but the first time in our state's history we set machine any aside in two consecutive years for the rainy day fund. our bond rating is solid and our pension system is the only one in the country that is fully funded. [applause] we made tough but prudent decisions to get our fiscal hous
believe there is a better way to reduce the deficit. the president's sequester should be replaced with spending cuts and reforms. that will start us on the path to balancing the budget in ten years. there is no balance in terms of revenue. the question is are congress and the white house headed for yet another big showdown. to come to us from washington to answer that question is karen bass from california. thank you for coming to the war room. >> thank you for having me again. >> jennifer: you bet. so the republicans are saying that obama's plan as he announced today are dead on arrival. are they serious? is this just posturing before they reach a deal? >> i certainly hope it is because the fact of the matter is we're three weeks away from the hammer falling. what the president has called for is for the republican majority to act responsibly. why on earth would they want to send our economy into another recession. if we can't come to a grand deal by march 1st. what the president has said and the democratic leadership hats said is okay do another short-term proposal but make it ba
that we need higher fuel tax, and we can use that either to reduce the deficit or to pay for something else. it was designed -- or intended -- whether it has done so successfully or not, it was done to pay for infrastructure. >> absolutely. we are not real happy about that. >> john, what are you hoping for next week? >> for some reason, i have not been consulted on that. the president in the campaign said he was 4 and all of the above energy policy, so let's have some announcements that support that -- he was for an " all of the above" energy policy. let's move forward with the things that you need to do to accomplish that policy. i would say that we would also -- i would like to see stop this discussion about taxing the industry and trying to characterize it as subsidies, which is simply not true, and i would like to see more opportunities in terms of where we can open up areas that are off-limits right now. all those combined can generate an enormous amount of opportunity for the economy right when we need it. >> i will just mention a couple of things. i think lenders have been reall
are in for a massive and unsustainable increasing deficit if we don't get a handle on entitlements. good morning. glad to have you with us. gregg: the cbo is saying it deficit will go down to $840 billion. that's the first time it will drop a trillion dollars under president obama. martha: but with baby boomers retiring at the rate of 10,000 people a day. entitlement spending is set to explode. stuart, as we pointed out, there is a lot of enthusiasm that we won't rack up a trillion dollar deficit. >> reporter: the headline was all about the deficit is going to be below a trillion dollars. that's great news. the bad news and there is a lot of it. the next 10 years medicare will cost $1 trillion a year. obama-care subsidies will total nearly a trillion dollars. the cost of medicaid will double and the debt will go to the highest portion of tour economy than it's been in a generation. there is dismal views on the current state of the economy. 1.4% growth this year and the unemployment rate will rise at 8% and stay that way for years to come. martha: the cbo makes very clear we need to do some entitlement
the budget deficit will drop below $1 trillion for the first time during obama's presidency. the congressional budget office which assumes that federal spending cuts will go into effect march 1st says the government will run a deficit of $845 billion this year compared to last year's $1.1 trillion shortfall. but the cbo's ten-year outlook predicts those improvements will not last. it warns that an aging population will drive up entitlement spending and rising interest rates will put the debt at unsustainable levels. if current laws remain in place, debt by 2023 only ten years from now will equal 77% of gdp. that's roughly double the 39% average seen over the past 40 years. >>> and president obama is asking lawmakers to take quick action as a march 1st deadline approaches that will trigger deep spending cuts. "the new york times" writes this morning that "mr. obama, who missed a deadline this week to submit his annual budget to congress, acknowledged on tuesday that a broader deficit agreement is unlikely to be reached by the march deadline. he provided no details about the t
for a short-term deal to avoid these budget cuts. congress must find $85 billion in deficit reduction somewhere by march 1st. otherwise, pentagon spending would shrink by 7.9%. domestic spending by 5.3% and medicare would take a 2% reduction. the president prefers an option that raises more money by closing tax loopholes. republicans want to stick with spending cuts only. a study by george mason university estimated that 448,000 jobs in d.c., maryland and virginia could be affected by automatic indiscriminate budget cuts. business leaders and local congressmen are concerned about the impact on our economy. >> and sequestration will hurt not only the defense side but the non-defense side. my committee funds the f.b.i. there will probably be furloughs at the f.b.i. there will be furloughs potentially at the national cancer institute, at nih. this thing has ramifications for defense and non-defense. >> reporter: the cuts were originally scheduled to kick in january 1st because congress couldn't grow on a broad package to reduce the deficit several times in 2011 and 2012 in excomping for
with smarter spending reductions to bring down the deficit. we can do it in a gradual way so that there is less of an impact. these deductions that certain folks can take advantage of, the average person cannot. not everyone has access to cayman island accounts, the average person does not have access to carry interest income, where they wind up paying a much lower rate on the billions that they earned. we want to make sure that the whole system is fair and transparent and that we are reducing our deficit in a way that does not hamper growth and reduce the kinds of strategies that we need in order to make sure that we are creating a strong middle-class. host: jim from south carolina, on the republican line, good morning. caller: how are you? host: well, thank you. caller: you keep mentioning and hearing people talking about pensions, but pensions are just invested the same way that 401k is. stocks and bonds. people with pensions lost money as well. i heard cases where people were not going to get as much money. if someone is manages their 401k, i do not know, it needs to be managed properly and
to reduce our deficit, what kind of tax plans we're going to have, how we are going to make sure that every child is getting a great education, the doctor, it is very encouraging to me that you turned out so well by your mom not letting you watch tv. i'm going to tell my daughters that. [laughter] in the midst of all these debates, we must keep that same humility that dr. king and lincoln them washington and all our great leaders understood is at the core of true leadership. in a democracy is as big and as diverse as ours, we will encounter every opinion. and our task as citizens, whether we are leaders in government or business, or spreading the word, to spend our days with open hearts and open minds, to seek out the truth that exists in an opposing view, and to find the common ground that allows for us as a nation, as a people, to take real and meaningful action. and we have to do that humbly, for no one can know the full and encompassing mind of god. and we have to do it everyday, not just at the prayer breakfast. i have to say, this is now our fifth prayer breakfast, and it is always ju
, under the terms of some of those previous budget deals, congress must now find $58 billion in deficit reduction either by raising revenue or closing tax loopholes by march 1st. medicare would take a 2% reduction. the president prefers an option that raises more money by closing tax loop hoalsz. republicans want to stick with spending cuts saying they've already done the revenue part. a study estimated 448,000 jobs in d.c., maryland and virginia could be affected by automatic budget cuts. the sequestration cuts are unpopular with both parties and there are concerns about the economic impact. >> our economy right now is headed in the right direction and it will stay that way as long as there aren't any more self-inflicted wounds coming out of washington. >> the sooner we solve our spending problem, the sooner our jobs problem will go away as well. >> reporter: you may remember these cuts were originally scheduled to kick in on january 1st because congress could not agree on a broader package for deficit reduction back in 2011 and 2012 in exchange for republicans agreeing to raise the d
of where we stand and where we're going. the 2013 deficit standing at $845 billion. last year it was $1.1 trillion. so obviously we're going in the right direction. but they do give a grim fast if there is a type of austerity measure that is in place while the economy remains very fragile. >> well, that's right. there are two things we have to work on at the same time. the most important thing is to make sure that we continue to see an economic recovery, that we do what we can to accelerate that recovery, put more people back to work. and the sequester would undercut that effort, because if you take that much money out of the economy very rapidly in this across-the-board way, it will result in lost jobs, which is why we proposed this alternative. now over the longer term, there's no doubt we have to reduce our deficit, but we have to do it in a smart and balanced way as the president has said, and that's why we have proposed a combination of cuts and we've already done $1.5 trillion in cuts as part of the budget control act and other action. we did some revenue as part of the most recen
to lower the devers, but americans do not -- to lower the deficit, but americans do not support sacrificing real spenged cuts for more tax hikes. the president's sequester should be replaced with spending cuts and reforms that put us on a path to balance a budget over the next 10 years. the american people believe that the tax question has been settled. they know the president called for a balanced approach to the debt. combination of revenues and spending cuts, and they know he's gotten his revenue. the american people do not believe the president will use further tax revenues to lower the debt. and haven't seen this president attempt to spend his way into prosperity over the last four years, they know he'll spend it. the president doesn't believe we have a spending problem. he general winly believes the government -- genuinely believes the government spending causes economic growth. if that were true, the economy today would be thriving. it isn't thriving. the unemployment rate is still nearly 8% and rising. small businesses like the one i ran are struggling. middle class families, those
the deficit. all by honoring the wish of 2/3 of americans to respect states' rights for marijuana just like we do for alcohol. i would invite my colleagues to join this effort in developing a marijuana policy that makes sense for america today. the speaker pro tempore: the gentleman yields back. the chair recognizes the gentleman from north carolina, mr. coble, for five minutes. mr. coble: i thank the speaker. mr. speaker, january is the traditional month in which new year's resolutions are developed. i'm suggesting that president obama and mrs. boim adopt a resolution -- mrs. obama adopt a resolution. it appears to me, mr. speaker, regard air force one very casually and i believe on some occasions two planes, at least two planes go to the same destination. air force one, mr. speaker, belongs to president and mrs. obama. but air force one also belongs to the american taxpayer. and i would welcome a new year's resolution that would provide generous lace of all future air force one dispatches with prudence, discipline and last but certainly not least fiscal austerity. america's taxpayers will be
, he talked about the economy. when it comes to tackling the nation's deficit, president obama said sunday in an interview with cbs news there needs to be revenue involved. and it sounds like he might be interested in going after people like mitt romney. >> there is no doubt we need additional revenue coupled with smart spending reductions in order to bring down our deficit. and we can do it in a gradual way so that it doesn't have a huge impact. and as i said, when you look at some of these deductions that certain folks are able to take advantage of, the average person can't take advantage of them. the average person doesn't have access to cayman island accounts. the average person doesn't have access to carried interest income where they end up paying a much lower rate on billions of dollars that they've earned. so we just want to make sure that the whole system is fair. >> all right. steve, help me out here. i think the democrats are holding a losing hand if they come back and ask for more taxes. they talk about raising tax rates on anybody. but if we're talking about closing loo
gdp calculation rises, government versus consumption plus investment and minus your trade deficit, right? so if it's not going to consumption and it's going into the pockets of the top 1% or whatever, why aren't we seeing that reflected in investment? in fact, we saw very good business and investment numbers in the latest economic data. where are those dollars disappearing to? >> people invest when there's no return. >> excess capacity, you're not going to build more excess capacity just because the fed has low interest rates. i mean, if you look at investment overall, before the crisis, about 40% of all investment was in real estate. now, that is going to be damp dampened just because we built too many houses. >> and we had a bust, right? >> and we had a bust. the good news was a lot of them were showedly built and they'll fall apart and we'll have to reconstruct them. >> thank heavens. >> but the fact is, we overbuilt. the other part is actually not doing badly, given how weak demand is. it's not a lack of money. it's not the weaknesses in our financial system. that was one of t
out of washington to get our deficits under control. hopefully, we do not have to many quarters where we end up in negative territory. this is not an economy growing six percent and can hinder those bibles easily. host: magnolia, texas, david, better. caller: [indiscernible]we are doing great here. i noticed the super bowl is forming dollars per minute. everything is packed. all of the football stadiums. i do not see any recession. host: you said you are doing better why? caller: i live 15 miles from where they are building the number one country in the world. we are getting roads. it is unbelievable around here. we have job signs everywhere. as far as the savings, when interest rates are 1.5%, who will put their money in the bank? bernanke wants you to put it in stocks. that is why there is no interest rate. i took my money for years ago when i bought those rifles. i have made so much money on them. it is unbelievable. host: he mentioned social security. there is a category about the social safety net. guest: we use the term government social benefits to cover quite a few different p
in my view are willing to basically deficit spend and run us into a fiscal problem. republicans are unwilling to touch revenue so say let -- let's deficit spend and democrats are unwilling to address government spending so they deficit spend. both sides which is why this country does not trust washington. >> i want to get quickly to another issue, chuck hagel's confirmation hearing this week. not even the white house would defend his performance. here's a piece of it. >> i support the president's strong position on containment, as i said. if i said that, meant to say that i -- obviously his position on containment, we don't have a position on containment. >> we do have a position on containment, which is that we do not favor containment. >> he was kind of a surprise there from chuck hagel, probably not going to hurt his chances of confirmation, is even getting some republicans -- >> i think he's going to make it but if you have to clarify your clarification, you're in trouble, no. i mean if we compare, for instance, what he went through with what hillary clinton did with the ben
we need higher fuels tax and we can use that to reduce the deficit or for something else. the fuels tax was designed or intended whether it's done so successfully or not. was intended to pay for infrastructure. that's what we're talking about. >> absolutely. yeah. we're not happy about that. >> what are you hoping for next week? >> for some reason, i haven't been consulted on that. [laughter] the president in the campaign said he was for an all of the above energy policy. andlet have announcements that support that. let's move forward with the big decisions like keystone x l and leasing decision, five-year plan and the a things you need to do in order to accomplish the above policy. i would say that we also i would like to see stop the discussion about taxing the industry and trying to characterize the subsidizes, which is simply not true. and i'd like to see some more opportunities in terms where can with open up areas that are off limits right now. all of the combined with generate an enormous amount of opportunity for the economy when we need it. >> [inaudible] >> i'll just menti
spending reductions in order to bring down our deficits. we can do it in a gradual way. when you look at these deductions that people are able to take advantage of, the average person can't take advantage of. the average person doesn't have access to cayman island accounts. so, we just want to make sure that the whole system is fair. >> all right, today is the day one in the new job for secretary of state john kerry, he got an early start over the weekend, he reached out to world leaders by phone, pledging to continue pushing for peace talks. >>> the senate armed services committee is expected to vote his nomination to senate. former white house press secretary robert gibbs was on meet the press, admitted that it wasn't hagel's finest hour. >> the disconcerting thing for anybody who watched it he seemed unimpressive and unprepared on the questions that quite frankly he knew was coming. i'm reminded three weeks into the first term of the president obama administration, treasury secretary timothy geithner gives a, the market dropped 382 points. two weeks ago, tim geithner walked out of
the a blueprint would miss the deadline because the debate in washington over taxes, spending, and the deficit. it was supposed to be delivered to lawmakers yesterday. if you are worried about food safety the agriculture secretary tom vilsack says we need to cut back on a number of inspections on meatpacking plants unless congress can avoid the across-the-board spending cuts that take effect in march. he says the agriculture department is studying how to handlewhich could also impact nutritional programs and food safety research. we know we are in a housing recovery, but the d.c. market is on fire. i will have more on that in the next hour. live at bloomberg headquarters in new york, linda bell reporting for abc 7 news. back to you. >> thank you. we will see you shortly. 4:38 34 degrees at this hour. >> still ahead, a frantic scene in the heart of baltimore. a huge warehouse fire >> welcome back. 4:41 right now. beautiful. the washington monument. 34 degrees this morning. >> we are above the freezing mark. >> that's where we should be this time of year? >> we are working on it. we will been wa
or clean energy. >> reporter: under the terms of earlier deficit deals, congress will find $85 million in reductions by march 1st. if not, they would shrink pentagon spending by 7.9% and domidwesting spending by 5.3% and medicare a 2% reduction. >> i believe they should pass a smaller package of spending cuts and tax reforms that would delay the economically damaging affects of the sequester for a few more mots until congress finds a way. >> reporter: the president wants to raise more money by ending tax loopholes, but republicans want deeper entitlement cuts. >> if we're going to connect with the american people, it's important that they see not only that we're serious about solving our debt problems. >> a studdie by george mason university estimated 448,000 jobs could be affected in d.c., maryland, and virginia. for months, defense contractors have pleaded for action. >> we would hope that congress would meet their obligations to us and to the public. >> reporter: virginia congressman frank wolf wrote to the president and speaker arguing the bipartisan plan would avoid sequestration
the automatics cuts take effect. if there's no long-term agreement to reduce the deficit. those cuts would take a big bite out of military spending and domestic programs. including a 2% hit to medicare. danielle nottingham, cbs news, the white house. >>> it was supposed to be just a vacant apartment building, but today an incredible fast moving fire killed two people who were living inside it. firefighters were hurt today while battling the blaze on r street and southeast. bruce johnson reports, squatters, not uncommon in our nation's capital. >> a motorist passing by was the first to see planes planes -- flames pouring out of the building. >> i don't know what happened. >> it took firefighters an hour to knock down the two- alarm blaze, but not before two of them had injured shoulders and a third firefighter injured an ankle. the news will get worse. two bodies were discovered in the fire. >> there's a possibility that they may have gone in there to get away from the environment. >> city officials say the unit was listed as vacant. that meant the two people found inside would have been sq
: the dow hitting 14,000 with nicole on the air. this is a snapshot of just how bad our deficits are going to be over the next ten years. dagen: rich edson is live in washington, d.c. rich: $1.1 trillion, that was our deficit for 2012. this is the most recent projections by the office. this year, a budget deficit -- the decade production was $2.26 trillion. these numbers will be much different. much worse. it must examine the budget as if congress does absolutely nothing. and current policy continues. we have had some changes. mainly that built that passed congress earlier in the year. millions of middle-class americans do not have to pay the amt. it also changed the estate tax bumping down the rate of little bit lower than what it had been over the exception of little bit higher. the numbers we just show you, the real numbers will be much worse. we will find out at 1:00 o'clock. back to you. dagen: are we going to be in a statement from the white house at 1:15 p.m.? rich: he will talk about the sequester. he will push for congress to pass a smaller package of spending cuts and tax reform
sent him a message. the symbolic vote he detail how he would cut the deficit to avoid the automatic spending cuts next month. >> mr. president, you missed the deadline again. let's see your plan. let's show it to the american people and have the discussion about the proper way to manage down this debt and deficit. >> reporter: without a budget deal on march 1st so-called sequestration will force reductions in military training, cutbacks in operations, and layoffs of civilian pentagon employees plus civilian defense contractors. >> it's an idiotic management nightmare to try to run a complex sophisticated, long-term program when you have short-term, massive cuts. >> reporter: deep cuts also loom in social services. outgoing defense secretary panetta slammed democrats and republicans for their game of chicken. >> let's see how bad it can get in order to have the other party blink. >> reporter: some senate republicans today said push the deadline back seven months. but house speaker john boehner said in effect he will not blink. >> at some point, washington has to deal with its spendin
there are members here that agree, you got to address the larger deficit issue and to address a large deficit issue and my own experience having participated in every budget summit that we've had in past years, you got to be able to develop a balanced package in order to do that. that's just the nature of dealing with the size deficit -- size of deficits that you got. my preference, frankly, is that the congress would do the big deal, get it done, get this behind us, detrigger sequester, some this constant uncertainty, this month-to-month situation where we don't know what the hell we're going to get. that should end. in the absence of that deal, obviously i'll support whatever package you can put together to try to detrigger sequester. whatever you can do to make sure this doesn't happen. i mean, i cannot imagine that people would stand by and deliberately hurt this country in terms of our national defense by letting this take place. >> i'll only add briefly that most of the things we're doing are reversible. that is our goal, that they would be reversible. even if you reverse them it will take so
a chart yesterday that the deficit has already fallen from $1 trillion to $648 billion with the cuts they did in 2011. as far as taxes, they need to change the tax code. businesses need to pay their fair share. i get $22,000 in my civil service and social security. i paid $448 in taxes last year. i am 76 years old. i am barely surviving. host: you mentioned at the beginning that your daughter-in- law, where she employed with a company that depended on government financing? >> yes, some government contracts, so they froze things to try to save jobs and then last friday they laid off five people. -- they froze hiring. host: willie is with us on the line. caller: i look at it like this, when you have a drought, in order to break the drought, everybody has to pay for it. a storm, you have to have a hurricane or a tornado to break a drought. some people are going to get flooded out. so i hope that it will go through. let it do what it is supposed to do and get this stuff straightened out. everybody's looking out for themselves. i worked for general motors. the only thing that got general
deficit. >>> it's another first tied to the catholic church abuse scandal. the archbishop of los angeles ordered roger mahony to stop performing any public church duties because of his connections to that scandal. this game after the archdiocese released private files of priests suspected of molesting children. the decision on this came yesterday after years of lawsuits and very emotional legal battles. it has support of the nearly 4 million catholics. >> i think it's good that the information is coming out. >> yes. secrecy is what keeps the abuse going. >> back in 2007, the archdiocese was involved in a record-breaking civil settlement in the church scandal. it reached a $660 million settlement with more than 500 victims of child molestation. >>> a traffic safety program for children in the san ramon valley is kicking off its 9th year. street smarts was started by bob and carmen after their two children were killed by an impaired driver in 2003. the goal of streets smart is to educate drivers, bicyclists, and pedestrians about road safety. students participate by creating story books, a
. let's reform the defense budget and look at the largest drivers of our deficit in mandate spending programs those on the left end of the spectrum don't want to cut. >>brian: they took gates cuts and are going try to up them by $500 billion. leon panetta takes over from them. has the same fear. here's what he said yesterday on "meet the press." >> we've got a plan for that possibility because there are so many members saying we're going to let it take place, but i have to tell you it is irresponsible for it to happen. i mean, why -- why in god's name would members of congress elected by the american people take a step that would badly damage our national defense, but more importantly undermine the support for our men and women in uniform? why would you do that? >>brian: that is inaccurate. it is the president who proposed these sequester cuts. this isn't congress doing that. and republican fear about these cuts, would you say that's accurate? >> i would say it's accurate. there is a growing resignation to them on the hill for some reason. i was there two weeks ago. everyone seems re
and deficits we would have a blueprint for spending. >> greta: it's the job and the law. i realize others before him going back to president johnson have ignored it, but the rest of it, we follow the law and do our job. why is this like it's okay to do it? there is no management when you don't meet these criteria? >> maybe because other than this show tonight, you look at a lot of pressure. it's a pattern, too. there are five other examples that i can point to that the president has not met a deadline. one is report how the sequester supposed to work, it's not done. they have missed most of their mid session reviews which is the midyear, mid-july deadline. they have also missed the chinese currency report and more recent the medicare trigger. you are supposed to have a proposal how to reform medicare. they ignored it. finally the regulatory agenda, two times a year, they put it off. finally issued two days before. >> greta: the house and senate signed a bill to suspend the debt ceiling until may. that is called suspending the debt ceiling, you raise the debt ceiling so you put a lid on wh
. there is basically an aversion to paying taxes, and we have deficits caused by wars, tax cuts, and all of the things that we talked about, and there are more people retiring. we could say that is too bad, they lived to long -- right -- too long -- one i was growing up, my grandmother had no medicare, no social security, and she lived with her daughters. i slept on the couch in the living room because that is how families took care of seniors before 1964. now we have a medicare program, where my father lived to 93, my mother lived to 97, and we did nothing for them except pay for their taxes. one year we gave my mom a christmas gift, a hearing aid which cost about $800. host: medicare does not cover that? guest: medicare does not cover that. good luck, you are on your own is what we say to seniors. my view is we are a better country than that. we can find a way to do that. there is a lot of stuff done in this country where people are getting treatment or examinations that are not making their health better or their life better. we have to look at that and stop doing that kind of stuff. that means wit
and how we reduce the deficit and what tax plans we will have, how we are going make sure that every child is getting a great education and doctorate is encouraging to me that you turn out well by mom not letting you watch tv. i will tell my daughter that is when they complain. in the midst of all these debates, we must keep that same humility that dr. king and washington and all our great leaders understood at the core of true leadership. in a democracy as big and diverse as ours, we will encounter every opinion. our task as citizens whether we are leaders in government or business or spreading the word, to suspend our days with open hearts and open minds. to seek out the truth that exists in an opposing view and find the common ground that allows for us as a nation and a people to take real and meaningful action. we have to do that humbly for no one can know the full and encompassing mind of god and we have to do it every day and not just as a prayer breakfast. this is now our fifth prayer breakfast and it is always a wonderful event. i do worry sometimes that as soon as we leave the pra
or not tall from the standpoint of the deficit. the second point i want to make is in line with what bob said. if you were to make a typology of a foreign policy challenges of the united states, it might go something like this. there are crises that involve the of the values and the interest and the interests but not the values and both with some overlap. we pursue our interests hopefully not the point that we are right of a moral crisis that we generate. there are certain challenges which do not seem to involve our interests very much but to bring our values and to question and the classic example of that would have been rwanda and i will get back to that in a moment and then there was a majority of foreign policy challenges. syria and given the magnitude of the humanitarian crisis, the strategic importance of the country there is no greater blow that can be dealt to iran at this moment than the fall of the assad regime from there is no greater blow that can be dealt to hezbollah are dealt to hamas the in the fall of the regime. if one wants to be a coldhearted realist and put together of th
who has worked with budgets throughout my life, in order to deal with the deficit problem, you've got to deal with entitlements. you have to deal with revenues. and you have to deal with discretionary. all of it has to be part of a package. >> is he doing enough? >> i think he's pushing as hard as he can. >> should he be more public? >> well, look. the president of the united states has indicated the concern about sequester. he's indicated his concern about maintaining a strong national defense. and he's proposed a solution to this. the ball is in congress' court. they have got to take action to delay sequester. >> i want to move on to some of the hot spots. we'll start in north africa. a lot of news this week. here is the a.p. headline. u.s. limited in fight against north african militants. the united states is struggling to confront an uptick in threats in the newest hot spot with limited intelligence and few partners to help as the obama administration weighs who you to keep islamic extremists from jeopardizing national security without launching war. we want to put up a map here.
Search Results 0 to 49 of about 68 (some duplicates have been removed)